The London Platinum and Palladium Market (LPPM) is a trade association that oversees and promotes the trading of platinum and palladium in London.

About the LPPM

Established in 1987 to provide a forum for the trading community involved in the precious metals markets. The LPPM primarily focuses on the over-the-counter (OTC) market for these metals.


Key functions and aspects of the LPPM include:


  • Market Oversight: The LPPM plays a role in facilitating and overseeing OTC trading of platinum and palladium. It establishes guidelines and standards to ensure fair and transparent trading practices within its membership.
  • Market Making: LPPM members, which include major banks, trading houses, and other significant entities in the precious metals industry, engage in market-making activities. This involves buying and selling platinum and palladium, providing liquidity to the market.
  • Standards and Good Delivery Practices: The LPPM has established Good Delivery Rules and Practices that set the standards for the quality and specifications of platinum and palladium bars that are accepted for trading on the LPPM market. This helps maintain the integrity of the market by ensuring the authenticity and quality of traded metals.
  • Market Information: The LPPM provides market participants with valuable information, including daily prices and market data. This information is crucial for traders, investors, and other stakeholders to make informed decisions.
  • Networking and Collaboration: The association serves as a platform for networking and collaboration among its members. This fosters communication and cooperation within the precious metals community.